Suvo Strategic Minerals (ASX: $SUV) announces appointment of Executive Chairman

Suvo Strategic Minerals Limited (ASX: $SUV) has appointed Mr Aaron Banks as Executive Chairman, effective immediately. Mr Banks, who previously served as the Non-Executive Chairman, has been instrumental in advancing the Company's licensed IP, particularly in the development of Colliecrete, a low carbon concrete formulation. Since signing an exclusive IP agreement with Murdoch University in October last year, Suvo has made significant progress by signing non-binding Memorandums of Understanding with Povline Pty Ltd (PERMAcast) and Dowsing Group to explore opportunities for the use of Suvo's low carbon concrete in their businesses.

Executive Chairman's Perspective on Appointment

The appointment of Mr Aaron Banks as Executive Chairman reflects the Company's commitment to driving the commercialization of low carbon concrete. Mr Banks has been actively involved in advancing our licensed IP and forging strategic partnerships with industry leaders. His full-time involvement will ensure effective management of the process and further development of our low carbon concrete initiatives.

Summary of Suvo Strategic Minerals Announcement

Suvo Strategic Minerals (ASX: $SUV) has appointed Mr Aaron Banks as Executive Chairman to spearhead the Company's low carbon concrete strategy. The appointment comes as a strategic move to accelerate the commercialization of Colliecrete, following the signing of non-binding MOUs with PERMAcast and Dowsing Group. The Company aims to deploy low carbon concrete in various end-use applications and has successfully conducted trial pours of Colliecrete, with plans for a demonstration pour on the Bunbury Outer Ring Road Project. Suvo's focus on growing gross margin through its kaolin operations remains integral, with the Company's ambitions centered on expanding production and commercializing low carbon concrete in a timely manner. The outlook for Suvo Strategic Minerals involves leveraging its licensed IP and strategic partnerships to drive sustainable growth and innovation in the concrete industry.